"Busy wives love the ease of shopping by phone," read a 1960s catalog for the country's biggest retailer. Sears can no longer lay claim to that title, and it discontinued its iconic catalog in 1993. But it remains a great American employer, with 3,447 openings last week alone.
Sears has been slipping since Kmart bought it in 2005. Its parent company, Sears Holdings, saw its sales drop by $9 billion in the last four years. It's been shuttering more than 100 stores, including all nine of its Great Indoor ones. Last December, Fitch Ratings downgraded it from a "B" to a "CCC." Last week, Daily Finance advised investors to sell, sell, sell. And last year, 24/7 Wall St. named Sears one of the brands that will probably disappear in 2012.